Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Base your computation in Philippine setting answer numbers 6-10 only 9. Lemuel works as a sales representative from Nissan Davao. His hourly rate is Php

Base your computation in Philippine setting answer numbers 6-10 only image text in transcribed

9. Lemuel works as a sales representative from Nissan Davao. His hourly rate is Php 75.00, he is paid with an overtime rate of time and a half. His time record shows that he has an overtime of 5 hours for August 1-15 and 6 hours for August 16-30. He also receives a 5% commission for his sales for the month. He sold 1 unit of Nissan Terra worth Php 1,500,000 and 2 units of Nissan Almera worth Php 2,225,000. Compute for the following: 1. Regular Pay 2. Overtime pay 3. Overtime premium 4. Commission 5. Total Compensation for the month 6. Non-taxable benefits 7. Government mandated contributions (enumerate) 8. Withholding Tax 9. Total deductions from gross pay 10. Net pay JS OF ABM1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Evaluating The Effectiveness On Internal Audit Departments

Authors: W. Steve Albrecht, Keith R. Howe, Dennis R. Schueler, Kevin D. Stocks

1st Edition

089413177X, 978-0894131776

More Books

Students also viewed these Accounting questions

Question

5-8 What are the advantages and disadvantages of the BYOD movement?

Answered: 1 week ago